Is It a Good Time to Sell Your Home?

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Understanding the Market Right Now

The Boise housing market is dynamic, and one of the biggest questions sellers ask is:Is now the right time to sell?According to Michael Miller with The Home Found Group, the answer depends on your personal situation and motivation. “If you’ve owned your home for over five years, chances are you’ve seen a significant amount of equity growth,” Michael explained. “And for many homeowners, refinancing at two or three percent means it’s hard to walk away from such a low rate.”

When Holding Might Be the Best Move

For many homeowners, keeping the property is a smart strategy. “If you’re locked into a low rate, I often recommend renting your home instead of selling,” Michael shared. “That way you can make money off the property while also benefiting from long-term price growth. Data shows home values may continue to climb steadily in the years ahead, so the longer you hold on, the more cash you put into your pocket.”

If You Need to Sell Now

Not everyone has the option to wait, and for those who need to sell, strategy is everything. “The most important thing is pricing correctly,” Michael emphasized. “Even going 10 percent above market value will cut your buyer pool in half.” In today’s competitive market, it takes collaboration between seller and agent to find the right approach with pricing, marketing, and staging.

Timing and Expectations

Homes in Boise are averaging 30 to 60 days on the market, though some can take up to six months to sell. Sellers who can be patient often see better results, but those with urgent timelines must focus on strategy and presentation. “If you’ve got the time to hold on, wait for that right buyer,” Michael advised. “But even now, there’s opportunity—you just have to be realistic and intentional.”

Michael Miller
FOUNDER, CEO & REALTOR®
[email protected]
208-600-2333